Open Way

News stories featuring Open Way:

Customers of Russia’s MDM Bank can now make host card emulation (HCE) based mobile payments using the bank’s mobile banking app. The service is currently available for Mastercard customers only and makes use of OpenWay’s Way4 HCE and tokenisation technology. “Using the MDM Bank mobile app, customers can now pay from their Mastercard account with no need to enter a PIN code or additional app password or even to activate the application before payment,” OpenWay says.

Customers of Moldova’s Moldindconbank can now transfer funds from their accounts to individuals using ATMs equipped with OpenWay’s Way4 Cash by Code technology. Recipients receive a code via SMS and another code from the sender that they use to withdraw the predetermined cash amount. “If the amount is not withdrawn within 24 hours, the money is automatically returned to the sender’s card account,” the bank says.